r/Bookkeeping • u/sunchaserdaffodil • 6d ago

How To Journal It Bookkeeping Question

Hey, I’m newer to the land of bookkeeping and I’m stuck on something. I have a client who donated an item for a charity event. It was something he was gifted, but he estimates the value as being about $30. How would I put this into his QuickBooks?

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u/Stine2U 3h ago

You would cost the cost of the item, not retail value as if your client could have gained if sold.